January 26, 2005
SpeculatingStocks.com Stock Pick: Tegal Corp (TGAL)
Stock Price: $1.16 (short-term strong buy)
We Stock Pickd TGAL on November 30th of last year as a short-term strong buy at $1.37. Within less than a month TGAL hit $1.96 for a 43% gain. We believe that TGAL has once again hit bottom and should trend higher in the near future as it has done in the past.
Tegal Corporation is a leading designer and manufacturer of plasma etch and deposition systems used in the production of integrated circuits and nanotechnology devices. Tegal's system solutions are backed by over 35 years of advanced development and over 100 patents.
Q1 Earnings are due out February 10, 2005 and should be a catalyst for a move higher. Last quarter, revenues were $5.0 million up from $3.2 million for the same period last year. Quarter over Quarter the company narrowed its loss from $6.3 million to $2.5 million. The company's cash account stands at $4.3 million.
SpeculatingStocks.com Target Price: We expect TGAL to hit $2.00 within the next 1-2 months.